Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.
Luxury ecommerce site Farfetch has soaring revenues, and its retail technology has attracted high-profile clients such as Harrods. But can it keep investing and growing without turning a profit?
Farfetch has announced the launch of “Farfetch Communities” that offer content curated by the global community, as part of its drive to boost customer engagement and sales.
Full-year revenue rocketed 56% to $602m (£454m) at Farfetch in what it called a “blockbuster year” ended 31 December 2018, and it has announced a new deal to acquire JD.com’s Chinese luxury ecommerce platform, Toplife.
Back in 2009, a little-known etailer called Farfetch was shortlisted for the Best Etail Innovation award at the Drapers Etail Awards. This week, that same etailer has filed notice of its intention to float on the New York Stock Exchange.